Additional Compensation/Benefits. The Compensation Committee of the BHI Board, in its sole discretion, will determine any compensation or benefits to be provided to Executive during the Employment Period other than as set forth in this Agreement, including, without limitation, any future grant of stock options or other equity awards.
Additional Compensation/Benefits. The Company Board, in its sole discretion, will determine any compensation or benefits to be provided to Executive during the Employment Period other than as set forth in this Agreement, including, without limitation, any future grant of incentive equity awards.
Additional Compensation/Benefits. The Compensation Committee of the PRGX Board, in its sole discretion, will determine any compensation or benefits to be provided to Executive during the Employment Period other than as set forth in this Agreement, including, without limitation, any future grant of stock options or other equity awards.
Additional Compensation/Benefits. The Company shall pay for Employee’s membership with the Petroleum Club of Dallas. Severance Pay: 1.5 x Base Salary; plus 1.5 x Bonus Target Months of Severance Benefits Continuation (limited to applicable COBRA continuation period): 18 months Severance Pay Period in Months (limited to 20): Up to 20 months CIC Window Period in Months (limited to 18): 12 months CIC Base Salary Multiple: 2.0 x Base Salary CIC Bonus Multiple: 2.0 x Bonus Target Months of CIC Benefits Continuation (limited to applicable COBRA continuation period): 18 months Restriction Period: During employment and for 12 months following any termination of employment. AGREED: COMPANY EMPLOYEE By: By: Name: Name: Title: Date Signed: Date Signed: EXHIBIT B DEFINITIONS
Additional Compensation/Benefits. In addition to the Salary, the Club shall provide the Player with such additional amounts or benefits (if any) as are listed on Addendum C according to the schedule(s) therein.
Additional Compensation/Benefits. The Board of Directors of the Company, in its sole and absolute discretion, may at any time and from time to time pay to the Executive such additional incentive payments, bonuses and/or profit sharing distributions, in addition to the compensation provided in Section 3, as the Board of Directors, with the advice of the Compensation Committee, may determine. The stock option and compensation committee of the Company in its sole and absolute discretion may at any time and from time to time award to the Executive such stock options or other stock based pay under the Company's stock option plan or otherwise, in addition to the compensation provided for in Section 3, as such committee or board may from time to time determine. The Executive shall, in any event, be entitled to the continuation of any employee benefits, including life, disability or accident insurance coverage, currently being received by the Executive, and shall be eligible to participate in any plan of the Company available to the employees of the Company and any other plan which may be adopted in the future with respect to employees or executives of the Company or any of its operating divisions if he shall be eligible under the terms of such plan without restriction or limitation by reason of this Agreement. The Executive shall also be entitled to paid vacation for such periods and times as have been heretofore customary for the Executive.
Additional Compensation/Benefits. (1) The Company shall obtain term life insurance coverage on the Consultant's life providing $1 million in death benefits, but subject to the Consultant's satisfactory completion of a physical examination and other aspects of the application process. Death benefits under such coverage shall be payable to the beneficiary named by the Consultant. During the term of this agreement, the Company shall pay the premiums with respect to such policy.
Additional Compensation/Benefits. 4.1 The Corporation has adopted for its employees an incentive and non-qualified stock option plan (the "Stock Option Plan"). Simultaneously with the execution of this Employment Agreement, X. X. Xxxxxx shall be granted rights and options ("Options") pursuant to the Stock Option Plan to purchase up to Two Hundred Thousand (200,000) shares of the Corporation's common stock (par value $0.01 per share) ("Option Shares") at a purchase price of Six and 84,375/100,000 Dollars ($6.84375) per share, pursuant to that certain Initial Stock Option Agreement attached hereto as Exhibit A. The Options shall vest and become first exercisable as to thirty-three and thirty-four one hundredths percent (33.34%) on the date hereof and an additional thirty-three and thirty-three one hundredths percent (33.33%) on each of the first two (2) anniversaries of the date hereof; provided, however, that such Options shall become fully vested on the earlier of any termination of X. X. Xxxxxx'x employment "Without Cause", upon his death or Permanent Disability, or upon a "change in control" (as defined in Section 1.6 above) and provided further, that any Options that, as of the effective date of a termination "With Cause" (other than by reason of death or Permanent Disability), have not become exercisable pursuant to this Section shall expire. The Options may be exercised at any time or from time to time during the period following the date the Options are vested; provided, however, that the Options will only be exercisable for one (1) year following X. X. Xxxxxx'x death or determination of Permanent Disability and for six (6) months following either X. X. Xxxxxx'x written voluntary resignation (other than pursuant to Section 1.4 above) or the Corporation's termination of X. X.
Additional Compensation/Benefits. D. Since in-service and interaction with professional people are necessary for effective leadership, PRINCIPAL may request SCHOOL to finance attendance of PRINCIPAL at professional education meetings. Transportation for such meetings, or reimbursement for such, will also be provided in accord with local policy.
Additional Compensation/Benefits. Use of a Company-owned vehicle for which Exectuive will recognize income for any personal use. Executive will be granted 50,000 shares of Restricted Stock pursuant to and subject to the terms and conditions of the 2006 LTIP, with such grant to be made within 30 days following the Effective Date. Such Restricted Stock will be subject to a three-year graded vesting schedule (vesting 1/3 each year) and other terms and conditions set out in an award agreement prescribed by the committee responsible for administration of the 2006 LTIP. Severance Pay: 1.75x Base Salary and 1.75x Bonus Target Months of Severance Benefits Continuation (limited to applicable COBRA continuation period): 18 months Restriction Period: 21 months following the Termination Date. EXHIBIT B The following terms, when used in this Agreement, shall have the following meanings:
